No-Mad | iStock | Getty Images
German power firm RWE has signed an agreement with Neptune Energy to develop a green hydrogen demonstration project in the Dutch North Sea, targeting an electrolyzer capacity of 300 to 500 megawatts.
In a statement Tuesday, the firms said the H2opZee project would be developed in two phases. The first will center on a feasibility study while the second will focus on implementation. The goal is for the project to be developed before 2030.
“Hydrogen is a gamechanger in the decarbonisation of energy-intensive sectors, and H2opZee is among the world’s first projects of this kind and scale,” Sven Utermöhlen, RWE Renewables’ CEO for offshore wind, said.
Hydrogen has…
Source cnbc.com